Henkel AG & Co. KGaA (HEN) AI Stock Analysis

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Henkel AG & Co. KGaA

(XETRA:HEN)

Select Model

Rating:74Outperform

Price Target:EUR 84.00▲(6.80% Upside)

Action:reiterated

Date:11/07/26

The score is driven primarily by stronger financial performance—material margin and ROE improvement with low balance-sheet leverage—partly offset by weakening revenue and free-cash-flow momentum. Technically, the trend is positive but appears overbought, and valuation is broadly fair with a moderate dividend yield.

Positive Factors

Margin ExpansionMeaningful gross and operating margin expansion indicates improved cost control, pricing, or product mix. If retained, stronger profitability can support reinvestment, improve resilience against input-cost pressure, and increase earnings power even while top-line growth remains limited.

Negative Factors

Revenue ContractionThe lack of top-line momentum limits the durability of recent earnings improvement and may constrain operating leverage. Continued revenue weakness could make future margin gains harder to achieve and signal that demand, volume, or market growth is not yet providing a strong tailwind.

Henkel AG & Co. KGaA (HEN) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 33.15B
Dividend Yield: 2.61%
Average Volume (3M): 68.68K
Price to Earnings (P/E): 18.6
Beta (1Y): 0.53
Revenue Growth: -3.47%
EPS Growth: -5.47%
Country: Germany
Employees: 47,200
Sector: General
Sector Strength: 55
Industry: Household & Personal Products

Henkel AG & Co. KGaA Business Overview & Revenue Model

Company Description

Henkel AG & Co. KGaA, founded in 1876 and headquartered in Düsseldorf, Germany, is a global enterprise specializing in three principal areas: advanced adhesive solutions, personal care items, and household and laundry products. Its Adhesive Technolog...

How the Company Makes Money

Henkel makes money primarily by selling products from its two business areas to different customer groups and through different go-to-market models. (1) Adhesive Technologies: This segment generates revenue largely through business-to-business sales...

Henkel AG & Co. KGaA Financial Statement Overview

Summary

Profitability and returns improved meaningfully (higher gross/operating/net margins and better ROE), supported by a conservative balance sheet with low leverage. Offsetting this strength, revenue declined in 2025 and free cash flow weakened, which tempers the quality of the earnings improvement.

Income Statement

77Positive

Balance Sheet

84Very Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	20.44B	20.50B	21.59B	21.51B	22.40B	20.07B
Gross Profit	10.49B	10.47B	10.82B	9.84B	9.47B	9.07B
EBITDA	3.74B	3.65B	3.68B	2.80B	2.59B	2.95B
Net Income	1.91B	2.04B	2.01B	1.32B	1.26B	1.63B
Balance Sheet
Total Assets	36.49B	33.35B	35.27B	31.73B	33.18B	32.67B
Cash, Cash Equivalents and Short-Term Investments	3.99B	3.11B	3.53B	2.17B	1.33B	2.46B
Total Debt	6.09B	3.71B	4.29B	2.89B	3.59B	2.96B
Total Liabilities	15.43B	12.77B	13.45B	11.73B	13.02B	12.88B
Stockholders Equity	20.97B	20.49B	21.73B	19.92B	20.08B	20.80B
Cash Flow
Free Cash Flow	2.02B	1.82B	2.49B	2.65B	598.00M	1.49B
Operating Cash Flow	2.71B	2.52B	3.12B	3.25B	1.19B	2.14B
Investing Cash Flow	-2.28B	-401.00M	-2.33B	-684.00M	-323.00M	-479.00M
Financing Cash Flow	703.00M	-2.18B	171.00M	-1.65B	-1.73B	-1.29B

Henkel AG & Co. KGaA Technical Analysis

Technical Analysis SentimentPositive

Last Price78.65

Price Trends

50DMA70.27Positive

100DMA70.56Positive

200DMA67.34Positive

Market Momentum

MACD2.01Negative

RSI79.56Negative

STOCH93.42Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:HEN, the sentiment is Positive. The current price of 78.65 is above the 20-day moving average (MA) of 73.25, above the 50-day MA of 70.27, and above the 200-day MA of 67.34, indicating a bullish trend. The MACD of 2.01 indicates Negative momentum. The RSI at 79.56 is Negative, neither overbought nor oversold. The STOCH value of 93.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:HEN.

Henkel AG & Co. KGaA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:HEN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:BEI	81Outperform	EUR 18.22B	19.74	10.66%	1.18%	-2.50%	8.61%
DE:HEN	74Outperform	EUR 33.15B	18.60	9.23%	2.61%	-3.47%	-5.47%
DE:BAS	69Neutral	EUR 48.68B	8.19	16.48%	4.13%	-3.87%	2071.79%
DE:FPE3	67Neutral	EUR 5.28B	15.81	17.37%	2.83%	12.08%	21.84%
DE:EVK	64Neutral	EUR 9.68B	55.36	2.16%	4.77%	1.98%	83.13%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:SY1	50Neutral	EUR 13.13B	35.84	9.90%	1.31%	-1.45%	-50.97%

* General Sector Average

Performance Comparison

DE:HEN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:HEN	Henkel AG & Co. KGaA (0IZ8)	78.65	14.15	21.94%
DE:BAS	BASF SE (UK)	54.48	12.18	28.81%
DE:BEI	Beiersdorf AG	84.34	-6.50	-7.15%
DE:EVK	Evonik Industries AG	20.96	7.70	58.07%
DE:FPE3	Fuchs Petrolub (0LCR)	43.48	4.89	12.67%
DE:SY1	Symrise AG	95.44	23.27	32.24%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 07, 2026

Henkel AG & Co. KGaA AI Stock Analysis